by Mesfin Fekadu, The Associated Press Posted Jul 16, 2019 9:29 am PDT Beyoncé and docs on R. Kelly, Michael Jackson get Emmy nods FILE – In this Feb. 12, 2017 file photo, Beyonce poses in the press room at the 59th annual Grammy Awards in Los Angeles. Beyonce is dropping a new original song from Disney’s live-action “Lion King.” The song, “Spirit,” will be released later Tuesday, July 9, 2019, and should get a push for Academy Award consideration. (Photo by Chris Pizzello/Invision/AP, File) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK — Beyoncé’s “Homecoming” film has scored six Emmy nominations, while documentaries on Michael Jackson, R. Kelly and the disastrous Fyre Festival also picked up nominations.With Netflix’s “Homecoming: A Film by Beyoncé,” the pop star earned four of the six nominations Tuesday, including bids for producing, writing, co-directing and musical direction. In the outstanding variety special (pre-recorded) category, “Homecoming” will compete with “Springsteen on Broadway.”“Homecoming” also earned nominations for costumes and production design.HBO’s “Leaving Neverland” and Netflix’s “FYRE: The Greatest Party That Never Happened” will both compete for outstanding documentary or nonfiction special, while Lifetime’s “Surviving R. Kelly” is up for outstanding informational series or special.Sara Bareilles and Josh Groban share a nomination for their work on the Tony Awards, and T Bone Burnett scored a nomination for his musical score of HBO’s “True Detective.”Mesfin Fekadu, The Associated Press
By Stelios OrphanidesPresident Nicos Anastasiades told members of the European Parliament (MEPs) in a recent letter that their concerns about Cyprus neglecting its obligations in tackling money-laundering as a European Union member were “unjustified”.He made the statement in a letter on December 18 in response to one sent by 17 MEPs on October 26 urging Cypriot authorities to ditch the island’s cooperation with Russia in a probe against Hermitage Capital founder Bill Browder and instead clamp down on illicit Russian funds.In Anastasiades’ letter obtained by the Cyprus Business Mail on Wednesday, Anastasiades said: “Cyprus is firmly committed to abide by and fully implement all European Union as well as other international instruments and tools in preventing and combating money laundering activities.”“To this end, albeit Cyprus being a regional financial centre offering international business facilities, the authorities recognising the dangers for possible abuse for criminal activities including money laundering, have taken all measures, legislative and administrative, both preventing and repressive, adopting all international measures and practices in this area,” the letter added.Anastasiades said Cypriot authorities had “always acted within the context of the rule of law and respect for human rights in applying the provisions of international instruments, including those for legal (and/or) judicial assistance in criminal matters, and discharging Cyprus’s legal obligations thereunder”.The MEPs letter was prompted by the Cypriot authorities’ decision to challenge an application filed by Browder against the government’s cooperation with Russia in an investigation against him. The investor-turned-activist is leading a campaign for justice for lawyer Sergey Magnitsky who died in a Russian prison after exposing a $230m (€217m) tax fraud. Russian police officers who Magnitsky implicated in the case arrested and subjected him to torture depriving him of access to medical treatment.The 17 MEPs lamented that Cyprus had not prosecuted those involved in the theft and complained that the island’s authorities “stalled or significantly delayed mutual legal assistance requests” submitted by other European countries which investigated the case.Browder resorted to a Cypriot court in September requesting an emergency injunction in an attempt to prevent Cypriot authorities cooperating with Russia in the investigation against him and his associate Ivan Cherkasov. The US-born investor who is now a UK citizen insists that the Russian investigation against him is politically motivated. The Cypriot government froze the cooperation with Russia pending the outcome of the court proceedings, which in turn angered Russia.The Parliamentary Assembly of the Council of Europe (PACE) asked member states four years ago not to cooperate with Russia in its proceedings against Browder and instead follow the US example in adopting punitive measures against those responsible for Magnitsky’s death. Interpol repeatedly ignored Russian arrest warrants against him.Anastasiades’ letter was also forwarded to European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici, European Commissioner for Justice, Consumers and Gender Equality Věra Jourová, the presidents of the European Central Bank (ECB) Mario Draghi and the European Banking Authority (EBA) Andrea Enria and Santiago Otamendi, president of the Financial Action Task Force (FATF).In it, Anastasiades said that Moneyval, the Council of Europe’s money-laundering watchdog, evaluated Cyprus’s -money laundering practices “with very positive results”.The Cypriot president who in late October met with Russian President Vladimir Putin in Moscow in an attempt to strengthen Cyprus’s economic ties to Russia, said that the island had neither “stalled nor significantly delayed” cooperation with other European Union countries in probing the Magnitsky case. Putin told Anastasiades that he looked forward in a satisfactory outcome of Browder’s request which would allow Cyprus to cooperate in the future with Russia, the largest client of the Cypriot business services sector.“In lifting this misinformation, I would like to stress that the investigation on the part of the Cypriot authorities is open and continuing… the cooperation with the authorities of a EU member state for execution of their request is in progress and there is no problem in any respect,” he said. “On the contrary, a part of the request has already been executed and delivered”.Anastasiades was referring to the MEPs’ remark that it had taken Cyprus two years to respond to a French request for legal assistance in related investigation.“The competent authorities, the Unit for Combating Money Laundering (Mokas), the police and other law enforcement authorities have a vigorous international co-operation with foreign counterpart FIU (financial intelligence units), and execute formal MLA (mutual legal assistance) requests, including the recognition and enforcement of foreign freezing and confiscation orders,” he said.“Our authorities have consistently been considering the various requests for legal assistance sent by the Russian authorities on this matter, on the basis of the international commitments of the Republic which determining the reasons for which a state may refuse assistance,” taking into account PACE’s 2014 resolution and relevant communications with Interpol and Europol, he said. “The Cypriot authorities have executed a small part of some of the requests and we consider that the information and material given was within the aforementioned context and in line with all cautiousness required”.Anastasiades declined to elaborate on Browder’s case on the grounds that the case was before the court.The president sent his letter almost three weeks after a report in Politis exposed the ties of state attorney Eleni Loizidou with Russian prosecution authorities, based on leaked emails from her private email account. According to the report, Lozidou, meanwhile suspended from her position and currently the subject of a disciplinary investigation, offered and requested favours from Russia. She was in charge of the department for extraditions at the legal service.You May LikeYahoo SearchThe Early Signs Of Type 2 Diabetes. Search Type 2 Diabetes TreatmentsYahoo SearchUndoDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoConcern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola
Categories: Garcia News,News State Representative Daniela R. García today voted to repeal Michigan’s antiquated prevailing wage law, ending a rigged scheme that added up to 16 percent to the cost of building schools and other government facilities.Representative García, of Holland, said prevailing wage was instituted in Michigan more than half a century ago and has cost hard-working taxpayers hundreds of millions of dollars every year in public works projects that are partially funded by the state. The repeal was prompted by the collection of more than 250,000 signatures by a group opposed to prevailing wages.“It was time to end the antiquated policy of a mandated prevailing wage. This law significantly inflates construction costs and it’s important to provide relief to taxpayers and job creators by allowing the free market to work and determine wages,” Representative García said. “We have made great strides in funding education, but it is discouraging to watch as special interests force school districts to waste taxpayer money because of prevailing wage. With repeal we can give school districts an opportunity to invest more money in educating our children.”The repeal was approved by the Michigan House on a 56-53 vote. The measure also cleared the state Senate, and now becomes law.##### Legislator says millions could be invested into classrooms 06Jun Representative García votes to end costly prevailing wage law
US TV streaming service Aereo is set to launch on Google’s Chromecast platform by the end of next month. From May 29, Aereo subscribers will be able to access the firm’s antenna and DVR technology to record and watch live television using Google’s Chromecast device, after updating their Aereo app for Android.“The way people watch and experience television is changing and Google is a pioneer in providing consumers with more choice and flexibility in how they access and experience that media,” said Aereo CEO and founder Chet Kanoija.“We’re excited that Aereo will be Google Cast Ready this May. Consumers deserve more options and alternatives in how they watch television and our team is committed to providing consumers with the best experience possible using Aereo’s innovative cloud technology.”
Nevion and Logic Media will exhibit at ANGA COM in hall 10.2, booth L33. Media transport specialist Nevion is launching a service centre in Germany as part of a joint-initiative with local partner Logic Media. The centre is located at Logic Media’s headquarters just outside Frankfurt and is aimed at providing local support for existing and future customers in Germany.The service centre will handle Nevion’s full suite of media transport and broadcast solutions. These are increasingly based on IP technology and are designed to help broadcasters and service providers transport media over any network from acquisition to home.“We’re helping customers on the journey towards an IP future as managing and transporting professional quality audio and video reliably in real-time is challenging, so it’s important that we can offer strong local technical support” said Kjetil Bonde, Nevion senior vice-president of sales for Europe.“Logic Media is a long-standing and trusted partner of ours and has an excellent understanding of the industries we operate in as well as our products and technology, so this is important news for the German market.”Nevion specialises in transporting media in real-time from the camera to the home. It delivers content for major sporting and live TV events around the world and has provided technology for firms including the BBC, Arqiva, Telefonica, Telenor, BT and AT&T.
Connected set-top box Amazon Fire TV has added services from the likes of Disney and Animal Planet.WATCH Disney Channel, WATCH Disney Jr., Animal Planet L!ve, MLB.TV and WWE Network apps have all been added to the platform, with the deals more than doubling its size.WATCH ABC, WATCH ABC Family, NFL Now, A&E, Lifetime, Outside TV, Young Hollywood, North Face TV, Fashion TV, Green TV and Dailymotion will all join by the end of the year, Amazon said announcing its expansion.E-Commerce giant Amazon launched Amazon Fire TV in April as a US$99 (€74) rival to boxes such as Roku, Apple TV and Chromecast.The platform launched in the US with access to Amazon Prime Instant Video, Netflix and Hulu Plus.
Sharp’s booth at CES 2015Sharp showcased a prototype 85-inch 8K LCD TV at the Consumer Electronics Show last week.The electronics manufacturer claimed the TV is the world’s first 8K LCD display that is compliant with the standards of the first 8K test broadcasts, which are expected to take place in Japan as soon as 2016.“With a native resolution of 7680×4320, this TV is not only the first to be BT.2020 compliant, but also offers 120Hz native panel refresh rate and has a bit depth of 12 bits per pixel and delivers 400cd brightness,” said Sharp.
Intelsat has launched a next-generation, IP content distribution platform and managed service called IntelsatOne Prism. Announcing the introduction, Intelsat said that IntelsatOne Prism is designed to help media companies meet the demands of a “TV everywhere and increasingly over-the-top (OTT) society.”IntelsatOne Prism is designed to allow media customers to conduct multiple content transmissions via one platform – including linear video, file transfer, VoIP, internet access and data exchange.The platform is fully integrated with Intelsat’s global satellite fleet and IntelsatOne terrestrial network and is based on the Newtec Dialog multiservice broadcast solution.“The media landscape is changing rapidly, with video and data services entering a period of unprecedented convergence,” said Peter Ostapiuk, head of media product management, Intelsat.“In order to address the changes occurring in their business models, our media customers want services that support their needs today, but also are adaptable to future formats and standards that may be deployed in the future.“IntelsatOne Prism’s IP technology supports services that provide media customers with the perfect evolution that will extend media IP networking to the sky, delivering reliable, high-quality content contribution and distribution regardless of location or device.”
Sky’s forthcoming kids app will be device agnostic, but will not include games content, the operator’s recently-appointed head of kids content has revealed.Speaking at IHS’s PEVE Entertainment Business Futures 2015 event in London this week, Lucy Murphy, said that Sky had recently expanded its kids catalogue from 700 hours to 4,000 episodes – from partners like Viacom, Turner, Disney – though does not plan to move into original kids productions.“Right now we’ve got a lot of content. It’s really the first task to make sure that we present that in a way that people want, that they love, that parents trust, and is a fantastic service,” said Murphy.Asked whether Sky’s kids app would be ‘mobile-first’, Murphy said that “Sky is very agnostic about what the platform is” and that “TVs aren’t going to be kicked out”, but added it’s a “no brainer” that kids enjoy consuming content on mobile devices like tablets.“Mobile usage is definitely increasing with kids. 70% of kids now have access to a tablet, 25% of under-sevens have their own and 30% of eight-to-11s have their own tablet,” said Murphy.She said the app, which was first announced in June and is due to launch in early 2016, would offer a “playful” experience for kids to pick and watch content they want to watch – but will not include games on the service.“Allowing them to watch great things in a playful and intuitive way is really key. But I think in terms of gameplay, Sky at the moment has no plans to include games on the app,” said Murphy.Sky appointed Murphy as its first kids content chief in September. She was previously a producer with shows like Horrid Henry, The Gruffalo and Bing Bunny among her credits, as well as creative director and head of content for soon-to-launch UK kids VOD service Azoomee.In September, the BBC said it will launch a standalone children’s version of popular on-demand service BBC iPlayer next year.The corporation has also outlined plans to develop a service called iPlay, which is designed to act as a “single, online front-door for children” and will included content from the CBBC and Cbeebies channels, alongside interactive formats and games, and child-appropriate content from elsewhere on the BBC.
BT Sport has staged a trial livestream of a UEFA Champions League match in high definition (HD) and high dynamic range (HDR) direct to mobile.The UK sports broadcaster ran the trial this week at Wembley Stadium – during Tottenham Hotspur’s 1-2 defeat to Juventus – using mobile operator EE’s 4G network.The HD HDR footage was broadcast to a range of devices including Samsung’s new S9 smartphone to a new beta version of the BT Sport App.BT said that HD HDR is less data intensive than 4K for both the mobile network and the end-user’s data consumption and provides “a better mobile experience”.“Mobile viewers are an important and growing part of our audience, and we’re constantly focusing on innovating to ensure the best possible experience for our sports fans,” Jamie Hindhaugh, chief operating officer, BT Sport.“HDR is the future for mobile – the technology is perfect for getting the most out of the small screen, with incredible colour and definition.”The move comes after BT last year broadcast the UEFA Champions League final on its BT TV service using HDR in ultra high definition (UHD) with Dolby Atmos sound at a private screening in London.The mobile HD HDR trial was done using a 24 camera Ultra HD set up at Wembley Stadium, with 17 HDR cameras native HDR and the remaining seven cameras converted to HDR 10 PQ.The BT Sport app is available free for BT mobile customers and for EE customers on ‘Max’ plans.
The ITU has finalised the coordination process that will enable digital switchover to go ahead in Central America and the Caribbean region. The global telecom body worked with regional regulators the Comisión Técnica Regional de Telecomunicaciones (COMTELCA), the Caribbean Telecommunications Union (CTU) and the Inter-American Telecommunication Commission (CITEL) to finalise the cycle of regional frequency coordination meetings on the use of the VHF band (174-216MHz) and the UHF band (470-806 MHz) at a meeting last week in Belize City, Belize.That meeting, the final of four that took place across the region over the last 18 months, stablished the basis for formal frequency coordination inter-government agreements for broadcasting and mobile services in the VHF and UHF bands.The participants agreed coordination covering 96% for UHF band and 94% for VHF band of assignable digital TV channels, meaning the percentage of the frequency requirements which are compatible with each other and with operating analogue and other primary services’ stations.“The ITU Regional Frequency Coordination Meetings for Central America and Caribbean region which were finalised this month in Belize greatly facilitate the region’s transition from analogue to digital terrestrial television in the VHF and UHF bands and the allocation of the digital dividend(s) in the UHF band, by ensuring compatible operation between existing radiocommunication services before formal notification of the relevant frequency assignments to ITU,” said ITU secretary-General Houlin Zhao.“The digital switchover enables the release of the digital dividend, the implementation of which is a major step in reducing the digital divide and probably involves the most important decisions taken by regulators to ensure that mobile broadband is available to all populations at an affordable price. This is a priority for Central America and Caribbean countries to foster a sustainable development of the region,” said François Rancy, director of ITU’s Radiocommunication Bureau.
Left to right: Christian Anting, Sandra KraujinaAll Media Baltics has secured the exclusive media rights to English Premier League football from 2019-22 in Estonia, Latvia and Lithuania. The broadcaster will show over 200 matches per season across All Media Baltics TV channels and streaming services in the region. It will also offer local language commentary in Estonian, Latvian and Lithuanian along with a range of highlights and analysis content.Christian Anting, AMB Group CEO said: “Premier League continues to be the most popular domestic football league in the world. The recent successes of the best English teams in European club competitions underlines the quality and attractivity of Premier League.We are delighted to entering into this new partnership with the Premier League and we look forward to providing football fans in the Baltic countries a unique viewer experience across all platforms.”Sandra Kraujina, AMB Group EVP Sports and Partnerships added:“All Media Baltics is the leading premium sports provider in the Baltic region. Our talented production and commentary teams will provide action-packed coverage and expert analysis of more than 200 Premier League live matches per season in three local languages for TV, OTT and Mobile”
THE next Ireland senior team boss Stephen Kenny will make a poignant return to his managerial roots to oversee an elite Derry team for the Ryan McBride Soccer Sixes held in honour of the former Candystripes captain who passed away suddenly two years ago.Kenny’s involvement is a major coup for this year’s Ryan McBride Foundation event, given that he is currently the Republic of Ireland under 21 manager and will have the honour of succeeding Mick McCarthy as senior boss in 2020. Kenny has enjoyed a decorated career in the League of Ireland where he became one of the most successful managers ever, securing 5 league titles, 3 FAI Cups and 6 league cups as well as a first division title with Derry. ShareTweet A host of former domestic and international stars are scheduled to line out at the Ryan McBride Brandywell Stadium on 5th May 2019 for what is gearing up to be a sell-out event sponsored by sportswear giants O’Neills. Stephen Kenny said he had no hesitation in accepting a request from the Foundation to manage the Derry squad comprised of Dermot O’Neill, Eddie McCallion, Peter Hutton, Barry Molloy, Gareth McGlynn, Ruaidhri Higgins, Gary Beckett, Kevin McHugh, Stephen O’Flynn and current Derry City assistant Kevin Deery. Many of the Derry squad played under Kenny and were part of Derry City’s European adventure in 2006 which came to an end against French giants PSG despite Derry holding the French stars to a draw in the Brandywell.The Dubliner, who managed Derry City FC from 2004-2006 and 2008-2011, is credited with John Quigg for plucking Ryan McBride from junior football and Kenny gave McBride his full senior debut against Shamrock Rovers in July 2011. Bernie MullanBrandywellDerrykieran Kennedyo’neillsRyan McBride FoundationStephen Kenny back as Derry City manager for Ryan McBride event Kenny admitted it would be both a proud and emotional return for next month’s event organised by the Foundation set up in McBride’s memory, starring Derry City (defending champions), Glasgow Celtic, and PFA Ireland Select teams. McBride had scored against Kenny’s Dundalk in a 3-1 win for Derry less than a week before passing away unexpectedly in his sleep at the family home on 19th March 2017, aged 27.Kenny led one of the many heartfelt tributes to the former Derry captain in the wake of his sudden death, describing him as “a ferociously brave player, the bravest I’ve ever seen on a football pitch”.“He was every fan’s favourite player and a great captain of Derry City”, recalled Kenny, who is set to become Ireland international manager after Euro 2020.Speaking this week ahead of the Ryan McBride Soccer Sixes which will be followed by a gala dinner in the City Hotel on 5th May, Kenny said it was an honour to be involved both on the pitch and at the evening event which will feature a Q&A with representatives from the participating teams.“Ryan and the valued role he played in all aspects of his life will be foremost in our thoughts as we continue to support the work of the Foundation established in his memory,” he added. Stephen Kenny coming back to manage Derry City for Ryan McBride eventFormer Glasgow Celtic and Aston Villa legend Stiliyan Petrov has been announced as one of the top flight names on the Celtic team which will be led by the “Derry Pele” Paddy McCourt and includes other fan favourites Jackie McNamara, Tom Boyd, Alan Stubbs, Rab Douglas, Mark Wilson, Simon Donnelly, and Mark Burchill. Kieran Kennedy, Managing Director of O’Neills, lead sponsors, said excitement was now building for the event. “We are delighted at the latest news that Stephen Kenny – widely regarded as one of the best managers in Irish footballing history – will be involved with our event on 5th May, together with the former domestic and international stars announced to date.”An action-packed day of family friendly activities will kick off in the Ryan McBride Brandywell Stadium at 1pm on 5th May 2019. Tickets are £25 adult, £10 child, £60 family of 4. Tickets for the Gala Ball at the City Hotel with Scouse impressionist and online star Darren Farley providing the after-dinner entertainment, are £60/table £600. Tickets are available through the Ryan McBride Foundation on Facebook and Twitter.Stephen Kenny back as Derry City manager for Ryan McBride event was last modified: April 5th, 2019 by John2John2 Tags:
HIGH SCHOOL GIRLSWyoming East 71, Bluefield 47 (highlights above)Midland Trail 56, Meadow Bridge 34Greenbrier West 55, Fayetteville 24James Monroe 79, Shady Spring 47Westside 63, Princeton 49HIGH SCHOOL BOYSWoodrow Wilson 72, Riverside 54James Monroe 100, Fayetteville 86Princeton 103, Tazewell 45Nitro 73, Greenbrier East 66WOMEN’S COLLEGEWVU Tech 64, IU Southeast 59Marshall 57, Old Dominion 48Concord 90, Salem 73MEN’S COLLEGEWVU Tech 104, IU Southeast 77Marshall 70, Old Dominion 67 SportsSports News Basketball Scoreboard – January 3 By Matt DigbyJan 03, 2019, 23:49 pm 388 0 Linkedin Facebook Home Sports News Sports Basketball Scoreboard – January 3 Mail Tumblr Google+ Pinterest Twitter Previous PostWest Virginia Parkways Authority Continues to Process and Mail E-ZPass Transponders Next PostLog Truck Accident Results In Highway Closure Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read More
In This Issue… * Greece gets next round of bailout… * China reduces reserve requirements… * Oil rises to $104.. * Taxpayers called on to pay again! And, Now, Today’s Pfennig For Your Thoughts! A Weekend Of Decisions… Good day… And a Tom Terrific Tuesday to you! I hope everyone’s President’s Day Holiday weekend was grand… I did something a little different, for this area of the country, on Sunday… I went a crawfish boil… Talk about fun! The only non-fun thing was watching our Blues lose to the Blackhawks, but that aside, snapping those crawfish, the corn, potatoes all from the same pot, you’ve gotta love it! The euro was removed from the boiling water this weekend, as the next phase of the bailout for Greece was approved… The reaction of the euro has been somewhat muted though, as most of the markets, being Pfennig Readers, already saw the baby steps of stabilization going on, and priced in an approval… The euro has moved higher than 1.32 this morning, but, like I said, the move has been somewhat muted… You see… details, details… The details always get in the way, eh? Apparently, the final draft of the agreement, which I must say, I was relieved to see the negotiations not break down, but the agreement includes a 53.% haircut on Greek bonds, which are terms that are much harsher for the private-sector than originally thought… But shouldn’t have really been that much of a surprise, given the funding gap that everyone knew about… The total bailout was $170 Billion and will bring Greece’s debt down to 120.5% of GDP in the year 2020… Of course that is if all austerity measures are still being implemented! Well… as I’ve been saying for most of this year now… these are baby steps to stabilization for the Eurozone, but doesn’t remove the problem… So, everything is temporary, as will the rally this morning in the euro, for the Eurozone is not out of the woods… and while Eurozone leaders have chosen aid over default, we still have to see the implementation of the funds, and the austerity cuts in Greece, and those have proven to be some major stumbling blocks… You see, almost immediately, there were calls that the size of the Greek bailout wasn’t large enough, and we’ll have to go through all this again soon… That may or may not be true, but at this point, this is the kind of talk that keeps a lid on euro rallies. OK… enough of that! The other Big News from this weekend, was an announcement by the People’s Bank of China (PBOC) that they would make another reduction of reserve requirements… This came as a HUGE surprise to me, given the last inflation report in China showed that inflation was not defeated. These are the kinds of moves that really get a market going, because the PBOC threw a cat among the pigeons… And get the markets moving it did! The Risk On traders came out to play, and a HUGE Risk Rally was on! The proxy for global growth and Risk On trading, the Aussie dollar (A$) , was fulfilling its place as the lead of the pack.. I met him at the candy store, He turned around and smiled at me, you get the picture? NO Wait! Whoa… I have no idea where that came from! But, what I was trying to say before the Shangri-las started singing in my head, is that all was good for the A$ and the risk assets, until… The minutes of the last Reserve Bank of Australia (RBA) printed yesterday… and in it the RBA minutes included a line about rates… “There is scope for easing should demand weaken materially.” OK… so the RBA put it all there that their easing bias remains… and Yes, this was different than what RBA Gov, Stevens last said… but, that’s economists for you, talking out of both sides of their mouths, or that old saying about a two-handed economist that would say, “on one hand this will happen, but, on the other hand this could happen”… Any way… the A$ got taken to the woodshed over the RBA minutes, where it remains this morning. And the currencies that follow the A$, like kiwi, are also getting sold… This is basically a sign of the times, folks… No one really knows what’s going to be around the next corner, and when it surprises them so much, they react by selling and buying Treasuries… When this all changes I have no idea. But stick around, because in a couple of hours, this could all be changing once again! About 6 months ago, I really can’t remember when this happened, the A$ got sold like funnel cakes at a State Fair, when the RBA changed their bias off of tightening… But then calmer heads came back and realized that it was just words, and I suspect we’ll see the same thing happen this time. But, like I said, no one really knows what’s going to be around the next corner, so that leaves us to making educated guesses… Gold is up $4 this morning… I read a great piece on Gold yesterday, by Jeff Clark of Big Gold who writes for Casey Research. Jeff did a great job in the article, and so I stole a snippet of it… Here, Jeff talks about “the downfall of every fiat currency (the dollar ) are the two D’s. Debts and Deficits… So with that in mind, consider the following:” • Morgan Stanley reported that there is “no historical precedent” for an economy that exceeds a 250% debt-to-GDP ratio without experiencing some sort of financial crisis or high inflation. US total debt currently exceeds GDP by roughly 400%. • Detailed studies of government debt levels over the past 100 years show that debts have never been repaid (in original currency units) when they exceed 80% of GDP. US government debt will exceed 100% of GDP this year. • Investment legend Marc Faber reports that once a country’s payments on debt exceed 30% of tax revenue, the currency is “done for.” By some estimates, the US will hit that ratio this year. • Peter Bernholz, a leading expert on hyperinflation, states unequivocally that “hyperinflation is caused by government budget deficits.” Next year’s US budget deficit is projected to be $1.3 trillion.” Chuck again… yes, debts and deficits… I’ve ranted over these for years, and people (non Pfennig readers!) are finally beginning to realize that deficits really do matter! And as long as we, as a country continue to go down this road of debts and deficits, I would look for Gold to remain the anti-dollar… OK… another reason for Gold to continue to be underpinned is the geopolitical stuff going on in Iran… This past weekend, Iran cut off Oil exports to France and the U.K. Now, this may cause an initial shock in those countries, but Europe has contingency plans here, and will shift suppliers immediately… So, while this will not be a huge mover of the Oil price, it does keep it underpinned. The European Central Bank (ECB) has once again cut off its bond-purchase program. You may recall the ECB going through this exercise once before, only to have to come back to the markets with their tails between their legs… Well, the ECB had decided that the bond market has calmed down, which is true, as we’ve seen yields come down in the peripheral countries, and they could remove the program… I’m glad to see them halt the bond buying… But I won’t be jumping up and down, hootin’ and hollerin’ because, the ECB could very well be right back here, down the road. I read this past weekend that Uridashi bonds are making a comeback… For those of you new to class or maybe have forgotten about, the Uridashi bonds are debt issued in the Euro market in any other currency but yen, and sold to mainly Japanese individual investors… This was all the rage before the financial meltdown, but as the events of 2008 began to unfold, this market dried up, and went away, it didn’t go away mad, it just went away. HA! Anyway… Seems these issues are beginning to make a comeback… Remember the stories of Japanese housewives and their “carry trades”? With yields in Japan stuck in the mud for over a decade now, Japanese investors look around the world for yield… They don’t really have to look to far, as one of the best yields resides in Australia… And just a week or so ago, A$22.2 million of an issue was sold by Morgan Stanley… So.. they are back! The Japanese housewives! This is good for the higher yielding currencies to see the interest from Japanese retail investors returning. I read a report this past weekend, see I did more than gorge myself at a crawfish boil! The report was talking about how with interest rates this low here in the U.S., and Treasury yields going lower all the time, this year’s $1.333 Trillion Budget Deficit will be the cheapest to finance than in all but 6 of the last 24 years! The report really ticked me off because the writer kept inferring that because the financing was so cheap, that a $1.333 Trillion Budget Deficit was OK… WHAT? ARE YOU KIDDING ME? My poor beautiful bride, had to sit there and listen to me complain about this… and then the one that really got me going was this: Then there was this… from the Financial Times… “U.S. taxpayers are expected to subsidize the $40 Billion settlement owed by five leading banks over allegations that they systematically abused borrowers in pursuit of improper home seizures. A clause in the provisional agreement – which has not been made public – allows the banks to count future loan modifications made under a 2009 foreclosure-prevention initiative towards their restructuring obligations for the new settlement, according to people familiar with the matter. The existing $30bn initiative, the home affordable modification program, or Hamp, provides taxpayer funds as an incentive to banks, third party investors and troubled borrowers to arrange loan modifications.Neil Barofsky, a Democrat and the former special inspector-general of the troubled asset relief program, described this clause as “scandalous”. “It turns the notion that this is about justice and accountability on its head,” Mr Barofsky said.”To recap… Approval for Greece’s next bailout funds went through this past weekend, but the overall affect on the euro was muted, as most of the details were already known. China also had some news this past weekend, as they reduced their reserve requirements thus unleashing a risk assets rally, that was stopped by the RBA meeting minutes where they discussed having “scope to cut rates should the economy weaken”… Currencies today 2/20/12… American Style: A$ $1.0680, kiwi .8350, C$ $1.0045, euro 1.3225, sterling 1.5825, Swiss $1.0950, … European Style: rand 7.7170, krone 5.6905, SEK 6.6625, forint 217.35, koruna 18.8270, RUB 29.84, yen 79.75, sing 1.2565, HKD 7.7555, INR 49.30, China 6.2965, pesos 12.71, BRL 1.7135, Dollar Index 79.15, Oil $104.50, 10-year 2.03%, Silver $33.70, and Gold… $1,738.70 That’s it for today… It’s Shrove Tuesday for us of Irish blood… And Fat Tuesday for everyone else! Shrove Tuesday is a day to fill up on pancakes… We had some fair weather for the St. Louis version of Mardi Gras on Saturday. Another nice win for my beloved Missouri Tigers on Saturday, with another chance tonight to avenge an earlier loss to K-State… Speaking of pancakes, thanks to Suzie Q, here for making about 200 pancakes for us on Friday! Notice I said “us” not “me” HA! And to our friend, Sandra, for buying us pizza on Friday! I guess Friday should have been out Fat Tuesday! Well… I’m late… so this has got to go! I hope you have a Tom Terrific, Shrove, Fat Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com
The “Melt Up Millionaire” Project Is Finally Here… It’s the most ambitious project we’ve ever attempted… but you only have a limited time to get in. Take a look behind the curtain and see how Steve and his team plan to do it… here. — Recommended Link Recommended Link Here’s the thing about VanEck… It specializes in precious metals. Most of its assets are gold investments. And it runs some of the world’s largest gold funds. But now the company is making the jump into bitcoin. On August 11, VanEck filed with the U.S. Securities and Exchange Commission (SEC) for the VanEck Vectors Bitcoin Strategy ETF. The fund would initially invest in bitcoin futures contracts and trade on the Nasdaq. It’s no surprise VanEck is launching a bitcoin ETF. The cryptocurrency has vastly outperformed gold this year (see chart below). As you can see, bitcoin has crushed gold this year. Bitcoin is up 310% since January, while gold has gained only 11%. Don’t get me wrong. I like gold. I own it and suggest that my subscribers have a portion of their assets in gold. Yes, I think it has explosive potential. —Brian Have you started investing in the marijuana industry? Let us know how it’s going—or if you have any questions—right here.And more kind words for Doug’s recent essay on phyles… Fantastic reading, mind opener. “Once your mind has been stretched by a new idea it can never go back to its original dimension”. Mr. Casey keeps stretching my mind.—GertaAs always, we appreciate the feedback.We recently launched a website to help you discover and join a Casey Phyle in your area today. The goal is to bring like-minded people together in cities globally to do more of what they want to do in life. You can check it out right here. — Teeka “Big T” Tiwari Editor, Palm Beach Confidential P.S. Tonight at 8 p.m. ET, I’ll be hosting a live Q&A session and sharing the top cryptos on my watch list… You can submit a question to me in advance right here. Plus, my team has set aside $100 worth of bitcoin per attendee. But you can only claim your stake if you attend tonight’s webinar. It starts in only a few hours, so click here to reserve your seat now. Reader Mailbag Regular Dispatch readers know we’ve been covering the massive opportunity in the marijuana industry over the past few months. And many of you are interested in learning more about the sector… Seriously thinking about it on a small scale to get my toe wet!—Connie But the global gold market is already worth $7 trillion. With a market that size, it just can’t compete with the profit potential of bitcoin. Bitcoin has a market cap of just $66 billion. It doesn’t have to displace gold to rise another 10 times from here. It just needs to become an alternative “chaos hedge,” and we could see bitcoin at $40,000 per coin. We’re already seeing bitcoin become a safe-haven asset in crisis-stricken countries like Venezuela, Greece, and Cyprus. People are turning to it to protect their wealth from inflationary government policies and capital controls. The smart operators at VanEck understand the potential of bitcoin. Not only is it a great investment, but it’s also a safe haven like gold. That’s why they are pushing ahead with their own ETF. Here’s what VanEck said about bitcoin: VanEck believes that the technology underlying digital assets, known as distributed ledger technology [blockchain], has tremendous potential to revolutionize finance and trade. Digital assets are an investable asset class in their own right and continue to be integrated into the broader economy. Don’t let all that high-minded talk fool you. The folks at VanEck see the upside potential in bitcoin. They know they can make millions in fees getting into the bitcoin ETF business early. I’m certain we’ll see more traditional asset managers like VanEck eagerly lining up to launch bitcoin ETFs. We don’t know whether the SEC will approve this ETF. But this is the latest evidence that bitcoin is becoming mainstream. As more people adopt bitcoin, we could see a price of $5,000 this year. We remain very bullish on bitcoin. You should own some today. Let the Game Come to You! TONIGHT: Your Chance to Claim $100 of Bitcoin During a live cryptocurrency Q&A tonight – Thursday, August 24 – you can claim $100 of Bitcoin… and ask expert Teeka Tiwari your most burning questions. He can’t give personalized advice, but he’ll answer any general questions you have – including which cryptos are on his watch list. Details here. I would like to learn more about investing in the marijuana market. —Bruno Justin’s note: If you’ve been reading the Dispatch over the last few months, you know that there’s a huge opportunity right now in cryptocurrencies. My colleague Teeka Tiwari, editor of Palm Beach Confidential, knows more about this space than anyone I know. In his essay below, he reveals the latest “mainstream moment” for bitcoin…By Teeka Tiwari, editor, Palm Beach Confidential VanEck is one of the biggest asset managers in the United States. The firm opened in 1955. And in 1968, it launched the VanEck International Investors Gold Fund (INIVX), the first U.S. gold fund. Today, VanEck’s exchange-traded funds (ETFs) have $30 billion in assets under management. That’s more than ETF issuers JPMorgan, Goldman Sachs, and Barclays. The company offers more than 50 ETFs. And it manages assets for over 400 institutions—including banks, pension funds, and endowments.
The community is getting a special Christmas dinner this afternoon thanks to the Community Unity of West Alabama.They’re serving a Christmas dinner for the less fortunate from 1 to 4 p.m. at the McDonald Hughes Center, 3101 Martin Luther King Jr. Blvd.The organization’s mission is bridging the gap and creating awareness within the community regarding organizations available to help those in need.
Greensboro Police are investigating after a group of people began shooting at each other at an apartment complex Sunday afternoon.It happened at Carriage Hills Apartments on Alabama Highway 14. No one was injured, but police said the bullets damaged a car and several mailboxes.Investigators are talking to witnesses to piece together a potential motive and who the suspects are.One apartment resident said he’s lucky he wasn’t caught in the crossfire.“I had just put a letter in the mailbox,” said resident Charlie Bates. “And when I did I turned around and went back to the apartment, and that’s when the shooting went on. The bullet hit the box right above my box.”If you have any information that could help in the investigation, please contact the Greensboro Police Department at 334-624-3902.
Endene Miyem scored 20 points and Sandrine Gruda hit a tie-breaking basket with 36 seconds left to help France beat Greece 75-71 on Sunday.With the game tied at 69 and both teams struggling to score, Gruda hit a shot to give France (2-0) the lead.Greece (0-2) turned the ball over on its next possession and Miyem hit two free throws with 9 seconds left to make it a two-possession game. Evanthia Maltsi, who scored 28 points to lead Greece, missed a 3-pointer and France held on.The win sets up a showdown for France with Canada for the top spot in the group.STEWART, WILSON PROPEL US TO 100-88 WIN OVER CHINABy DOUG FEINBERG , AP Basketball WriterSANTA CRUZ DE TENERIFE, Spain (AP) — After a quiet first half, Breanna Stewart felt she needed to be more assertive on both ends of the court.She certainly made her presence felt in the final 20 minutes.Stewart scored 21 of her 23 points in the second half and A’ja Wilson added 20 points to help the United States beat China 100-88 on Sunday in the second day of the FIBA Women’s Basketball World Cup.“I needed to be more aggressive. There were a few things that I could have done better — defense and rebounding. Focus on that and the offense comes,” Stewart said.China trailed only 36-35 midway through the second quarter as the U.S. was still trying to figure out a lineup that worked on offense and defense. The Americans then closed the half on a 12-4 burst. Wilson had six points during the run. Layshia Clarendon, who played a few minutes in the first game, also provided a spark off the bench in the spurt. She had two points, two assists and two rebounds.The Chinese team hung around in the third quarter and trailed 60-54 before Stewart, who played in China the past few winters, took over. She scored nine of the next 11 points and China couldn’t get within seven the rest of the way.“She was trailing a lot, and obviously the defense sucked down. The post players did a great job rim running,” U.S. coach Dawn Staley said. “That left Stewie wide open at the top of key and she took advantage of them time and again. That’s what we come to expect, Stewie like things. We needed her to be that way to give us some separation and widen our lead in the third quarter.”The Americans were still missing Brittney Griner, who suffered a slight sprain of her right ankle in practice Friday. Griner said after the win over Senegal she would have played if it was an elimination game. China was able to exploit the lack of Griner with its own 6-foot-9 center Han Xu.Han showed an impressive array of post moves as well as a deft touch from 10 feet. The 18-year-old finished with 20 points and left to a warm ovation from the crowd with 20 seconds left.“Coach encouraged us to play with confidence. The U.S. is a very good team. We just went out and enjoyed ourselves,” said China guard Shao Ting, who had 10 points.The Chinese team, which is the youngest in the tournament with the average age 23 years, lost to the U.S. by 43 points in the 2016 Olympics.The U.S. (2-0) hasn’t lost to China (1-1) in six meetings in the World Cup. The Americans won the first five meetings by an average of 25.8 points.The victory was the Americans’ 18th in a row in the tournament and 43rd in the past 44 games in the World Cup. The only blemish over the past 20 years was a loss to Russia in the semifinals of the 2006 World Cup. Sunday’s game came on the 12th anniversary of that loss.CHINA CONNECTION: Many of the U.S. players have competed in China in the offseason. Stewart, Griner, Morgan Tuck, Jewell Loyd and Tina Charles all have spent time there. Wilson will be headed there this year.“You’re having some of the top WNBA players going over there to China and showing them the standards of what we put ourselves through,” Stewart said.RECOVERING: Elena Delle Donne played only 3 ½ minutes on Sunday. She suffered a bone bruise in the WNBA playoffs and is still recovering. She said that she and Staley would talk before each game to discuss how she was feeling.Delle Donne said after the game the back to back was difficult.SCOREBOARD: It was a great day for Africa with both Senegal and Nigeria winning. It’s the first time in the history of the tournament that an African team won a pool play game, let alone two. Senegal beat Latvia 70-69 and Nigeria edged Turkey 74-68. In other games, Canada beat South Korea 82-63; Australia routed Argentina 84-43; Japan edged Belgium 77-75 in OT; France beat Greece 75-71 and Spain topped Puerto Rico 78-53.TweetPinShare0 Shares
ATHENS, Greece — Greek NBA star Giannis Antetokounmpo has agreed to fund the construction of an indoor basketball court in a fire-ravaged area outside Athens where at least 100 people were killed last year.The mayor of the Rafina area where the fire occurred last July said on Monday the local authority received the offer from the Milwaukee Bucks player to build the court at a new recycling park that is being planned in the area. The mayor, Vangelis Bournous, gave no details of the construction cost but said the venue would be ready at the end of this summer.The blaze gutted the seaside resort of Mati, east of Athens, and other coastal areas, destroying more than a thousand homes.“Antetokounmpo, the well-known Giannis Antetokounmpo, has made a donation at the site to build an indoor court — I’m announcing this for the first time,” Bournous said at a campaign event ahead of local elections on Sunday.“It will be built with a modern method using a steel building frame so it can be ready by the end of the summer.”Antetokounmpo’s Bucks are leading in the NBA Eastern Conference finals 2-1 over the Toronto Raptors.The forward, the son of immigrants from Nigeria, was born and grew up in Athens and moved to the United States in 2013 to join the Bucks. He has a huge following in his home country, with fans following his games in the middle of the night.Antetokounmpo maintains close ties with Greece and has taken part in campaigns to promote a Greek airline and tourism, as well as recycling. His older brother, Thanasis Antetokounmpo, lives in Athens and plays for local club Panathinaikos, coached by Rick Pitino, formerly of the Boston Celtics and the Louisville Cardinals.By: Derek Gatopoulos, Associated PressTweetPinShare3434 Shares